Business

About Business News...

Transport Topics business coverage focuses on the financial, economic, and commercial aspects of the modern freight business. Looking at both the microeconomic and macroeconomic forces shaping bottom lines, the news in this category includes labor news, jobs reports, tonnage and sales indicators, operations analysis, money and banking, mergers, acquisitions, e-commerce, bankruptcy, insurance issues, and more.

Business, Logistics

Trucking Sees Early Indications of Rising Driver Demand

The trucking industry saw very early indications that driver demand picked up during the third quarter, while remaining affected by market conditions.

Connor D. Wolf | Staff Reporter
November 14, 2024
Government, Business, Technology, Safety

Homeland Security Department Releases AI Framework

WASHINGTON — The Biden administration released guidelines for using artificial intelligence in the power grid, water system, air travel network and other critical infrastructure.

Josh Boak | The Associated Press
November 14, 2024
Government, Business, Technology, Safety

Ford Hit With $165 Million Penalty on Recall Failure

Ford Motor Co. agreed to a $165 million civil penalty to settle allegations the company failed to recall cars with defective rearview cameras in a timely manner.

November 14, 2024
Business, Logistics, Global Freight, TCA

Hapag-Lloyd Profitable Despite Global Downturn

HAMBURG, Germany — The German shipping company Hapag-Lloyd says it has made a good profit so far this year, despite the economic downturn and several international crises.

dpa | Hamburg, Germany
November 14, 2024
Business, Logistics

Trucking Sector Weakness Looms Over Q3 Results

The trucking industry continued to bounce along the bottom of the freight cycle with third-quarter earnings being generally weak, according to analysts.

Connor D. Wolf | Staff Reporter
November 14, 2024
Government, Business, Fuel

Global Oil Market Faces a Million-Barrel Glut Next Year

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, the International Energy Agency said.

November 14, 2024
Government, Business

Railroads, Unions See Trump’s Election Looming Over Talks

OMAHA, Neb. — The flurry of contract agreements announced this fall offers evidence that railroads and their unions are working to avoid the standoffs that led them to a brink of a strike in 2022.

Josh Funk | Associated Press
November 14, 2024
Business, Fuel

Exxon Plans to Cut Almost 400 Pioneer Jobs in Texas by 2026

Exxon Mobil Corp. plans to lay off 397 employees from Pioneer Natural Resources Co. after purchasing the Permian Basin operator for $63 billion earlier this year.

November 13, 2024
Business, Private, Top 100

JBS Profit Surges to Two-Year High on Booming Chicken Demand

JBS, the biggest global meat producer, is reaping the benefits of a world that’s eating more chicken, sending demand surging and helping the company post its best quarterly profit in two years.

Gerson Freitas Jr. | Bloomberg News
November 13, 2024
Government, Business, TCA

New York Gov. Hochul Moving Fast on Congestion Pricing

NEW YORK — Gov. Kathleen Hochul is negotiating a modified version of congestion pricing with the feds that would start the Manhattan toll at $9 per day before ramping it back up to the $15 plan.

Evan Simko-Bednarski | New York Daily News
November 13, 2024